Real Estate Industry News

The first home Ashton Kutcher and Mila Kunis bought together is now for sale asking $13.99 million or $55,000 per month as a rental. The 5-bed, 5.5 bath in the highly exclusive Hidden Valley neighborhood entered the market at the end of May when real estate was just starting to see a return from the Covid-related shutdown and hints toward a bullish sentiment for the lower range of the luxury tier. At the very top of the Los Angeles property market there have been some double-digit discounts leading to big name sales ever since Covid hit, but at the low- and mid-luxury segment sellers are still holding strong or letting them go with only a slight reduction in price.

Of the approximately 200 homes for sale over $10 million in Los Angeles, just over two dozen of them have come down in price in the past two two months, according to public records. A total of 17 homes have sold publicly for over $10 million in the last month, but almost all of them did come down by at least a million or two before finding a buyer. Pandemic or not, a million or two discount is not uncommon in this tier, which shows the local demand for this asset class is still strong enough to keep some lifeblood in the market.

The Kutcher-Kunis home is a 7,300 square foot traditional that looks like it could be the location of a movie set in Connecticut with its stone exterior and portico entryway. Indoors the same theme emerges with oak floors, trimmed out edges nearly everywhere you look and classic white paint as a backdrop. Abundant mature trees and foliage surrounds the half-acre lot providing sought-after privacy. The home also comes with a climate-controlled wine room, sauna and gym.

Here’s the living room with recessed lighting and large windows letting in even more light.

The home office uses darker wood tones, a dentil trim and marble surround fireplace.

The main bedroom comes with a fireplace and bay window-style seating.

Here’s another of the bedrooms with corner views and a slanted ceiling.

The kitchen has an elaborate oven set up opposite a large island with one of the room’s two sinks.

The dining room looks out onto the porch through French doors flanked by built-ins.

Here’s a view from the back showing how much privacy the trees provide.

The listing is with Justin Huchel and Drew Fenton. More information can be found on the Hilton & Hyland listing page.